J P Morgan Chase & Co Boosts Redde PLC (REDD) Price Target to GBX 197
Redde PLC (LON:REDD) had its target price upped by J P Morgan Chase & Co from GBX 193 ($2.49) to GBX 197 ($2.54) in a research note issued to investors on Friday morning. The brokerage currently has an overweight rating on the stock.
Shares of Redde PLC (LON:REDD) opened at 173.50 on Friday. Redde PLC has a 1-year low of GBX 115.00 and a 1-year high of GBX 209.75. The stock has a 50 day moving average price of GBX 156.01 and a 200-day moving average price of GBX 160.34. The stock’s market capitalization is GBX 527.37 million.
Redde PLC (LON:REDD) last announced its quarterly earnings results on Thursday, September 7th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.10 by $0.01. Redde PLC had a net margin of 5.39% and a return on equity of 16.53%. On average, analysts forecast that Redde PLC will post $9.90 earnings per share for the current year.
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The business also recently declared a dividend, which will be paid on Thursday, November 2nd. Stockholders of record on Thursday, October 5th will be issued a GBX 5.60 ($0.07) dividend. The ex-dividend date is Thursday, October 5th. This is an increase from Redde PLC’s previous dividend of $5.00. This represents a dividend yield of 3.22%.
About Redde PLC
Redde plc is a holding company. The Company is engaged in providing non-fault accident management assistance and related services, fleet management and legal services. The Company offers a range of motor claims accident management services, including vehicle replacement and repair management together with full claims-handling assistance, as well as legal and other personalized services.
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